Ledger begins investigation after $90 million crypto heist
Hardware wallet manufacturer Ledger is investigating a series of cryptocurrency wallet drains linked to devices sold by Southeast Asian reseller CryptoBilis, also known as CryptoBillis. In a statement posted on October 9, Ledger advised customers who purchased devices from the reseller within the previous 90 days not to initialize them if they had not already done so. Those who had set up their devices were encouraged to transfer their assets to a new Ledger device with a freshly generated seed phrase. Ledger is investigating reports of loss of funds from users in South East Asia who purchased products from a reseller named CryptoBillis. As a precaution, and pending the results of our investigation, we have asked CryptoBilis to pause all sales and shipments of Ledger devices.… — Ledger Support (@Ledger_Support) October 9, 2026 Ledger has said its infrastructure, systems, and services were not compromised, and that the investigation appears to concer...